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All eyes will be on the House on Thursday as Speaker John Boehner tries to push through Republicans’ latest proposal to raise the debt ceiling and trim federal deficits. Democratic Senate Majority Leader Harry Reid, who’s keeping his own plan waiting in the wings, has declared Boehner’s plan dead on arrival in his chamber. So, [...]
A day before a pivotal vote that could shape the remainder of his Speakership, John Boehner issued a blunt rallying cry to his restive rank-and-file to support his plan to reduce the deficit and raise the U.S. borrowing authority before an Aug. 2 deadline. At a closed conference meeting on Wednesday morning, according to a [...]
Ron Paul, who is spending a ton of money in Iowa right now, is expected to finish in the top three at the Ames Straw poll in a couple weeks. There is a solid chance that he beats either Michele Bachmann, Tim Pawlenty, or both of them. Though Ames is not predictive of the outcome [...]
If the debt-limit debate had anything to do with reality, every story about it would include a few basic facts. Starting with: President Obama inherited a $1.2 trillion budget deficit. And: Republican leaders supported the tax cuts and wars that (along with the recession, another pre-Obama phenomenon) created that deficit. Also: Republicans engineered this crisis [...]
There are serious financial and economic dangers in the game of chicken Congress and the President are playing over raising the debt limit, but downgrades by the ratings agencies are not among them. Sure, it sounds ominous: If Republicans and Democrats can’t agree on a deal for at least $4 trillion in deficit reduction over [...]
By showing their members this clip from a Ben Affleck bank robber movie, says the WashPost:
As John Boehner hunts for enough votes to pass his debt-limit proposal, the Washington-New York Republican establishment is coming out in vehement support for his plan. on Tuesday, the Chamber of Commerce announced its backing of the Boehner plan, calling the legislation “critical” and saying that “default is not an option.” (The Chamber’s statement, incidentally, [...]
Yes, House Republicans can “compromise,” or at least they can try. Right now they are struggling to compromise with themselves, of course, over a bill Speaker John Boehner has put forward that both the White House and the Senate majority leader says can’t go anywhere. But the exercise, as fruitless as it may be, gives [...]
CBO analysis puts Boehner’s debt ceiling plan at less savings than advertised. House Republicans will rejigger the proposal, delaying a vote until Thursday. The White House just wants the goal line to stop moving. The Chamber of Commerce lines up behind Boehner’s proposal. There’s historical precedent for the specially empowered committees called for in Boehner’s and [...]
The House on Thursday is expected to vote on its latest iteration of a debt ceiling increase matched with spending cuts. With less than a week left before the government starts suspending services to avoid default, the Senate has yet to act. This is because Senate Majority Leader Harry Reid is patiently waiting for the [...]
